Overview
What is Cabot Boston Credit Union?
Cabot Boston Credit Union is a not-for-profit financial institution situated in the United States, specifically catering to the employees of Cabot Corporation and their families. Established in 1941, the credit union operates under both state and federal regulations, with federal insurance provided by NCUA and MSIC. Its primary objective is to offer affordable savings and loan products to its members for responsible and productive use. As a credit union, Cabot Boston Credit Union is committed to serving its community and providing its members with cost-effective financial services.
Official website here: www.cbcu.com
Is Cabot Boston Credit Union legitimate?
Cabot Boston Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Cabot Boston Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $133,575
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.cbcu.com
What is the mission statement of Cabot Boston Credit Union?
Cabot Boston Credit Union, established in 1941, serves as a not-for-profit financial institution for employees of Cabot Corporation and their families. Its primary objective is to provide affordable savings and loan products for its members' prudent and productive purposes. As a state-chartered credit union, it is federally insured by NCUA and MSIC, ensuring the financial security of its members. The credit union operates with a mission to provide its members with low-cost financial services, aiming to contribute positively to their financial well-being.
Official website here: www.cbcu.com
Who is the CEO of Cabot Boston Credit Union?
Unavailable
Official website here: www.cbcu.com
What is the revenue of Cabot Boston Credit Union?
Cabot Boston Credit Union's revenue in 2022 was $177,652.
Official website here: www.cbcu.com
Who are the executives of Cabot Boston Credit Union and what are their salaries?
There 9 volunteers at Cabot Boston Credit Union.
Here are 18 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $71,000
- Related: $0
- Other: $0
- Compensation: $61,830
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.cbcu.com
Where can I find the form 990 for Cabot Boston Credit Union?
Cabot Boston Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cbcu.com
Learn more at the official website: www.cbcu.com
Mission Statement of Cabot Boston Credit Union
Cabot Boston Credit Union, established as a not-for-profit financial institution in 1941, serves as a financial resource for the employees of Cabot Corporation and their families. This credit union, federally insured by the National Credit Union Administration (NCUA) and the Massachusetts Share Insurance Corporation (MSIC), is dedicated to providing its members with affordable savings and loan products for prudent and productive purposes. The mission of Cabot Boston Credit Union is to operate as a small, community-focused financial institution that prioritizes the financial well-being of its members, offering them a wide range of low-cost financial services.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Cabot Boston Credit Union plays a vital role in the financial well-being of its members, who are primarily employees of Cabot Corporation and their families. By providing a range of savings and loan products, the credit union ensures that members have access to affordable financial services tailored to their needs. Since its inception in 1941, Cabot Boston Credit Union has maintained a strong commitment to fostering prudent financial habits, supporting members in achieving their goals while enhancing their overall financial literacy.
The credit union's federal insurance through NCUA and MSIC gives members peace of mind, knowing their savings are secure. Additionally, by operating in a member-focused manner, Cabot Boston Credit Union emphasizes community values and support, reinforcing social responsibility within the workforce. This focus on public benefit not only empowers individual members but also strengthens the broader community by promoting financial education and stability. Through its dedicated services, Cabot Boston Credit Union makes a significant impact, enriching the lives of its members and their families in the Boston area.
This information is meant to be a general summary of Cabot Boston Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $29,948
- Program Service Revenue: $131,874
- Gross Receipts: $177,652
Assets and Liabilities:
- Total Assets: $6,847,602
- Total Liabilities: $5,762,872
- Net Assets: $1,084,730
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Interest on Loans
Revenue
$131,874
Organization Details
Founding Year
1941
Phone
(617) 342-6154Main Address
2 SEAPORT LN STE 1400, BOSTON, MA, 022102019
Website
www.cbcu.comNTEE Category
Code: W60 - Public benefit
If you are a representative of Cabot Boston Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.